BUSINESS

N25bn commission: Senate orders Treasury Single Account probe

The newly constituted Senate Committees have already been charged with meaningful responsibilities, as the Committees on Finance, Banking and Financial Institutions and Public Accounts have been ordered to investigate operations of Treasury Single Account in Nigeria. The motion was moved ...

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Corrupt Customs officers will get 10 years sentence— Comptroller-General

Hameed Ali, the Comptroller General of Customs, Today (Tuesday) served a warning to any customs officer caught involved in corrupt practice, stating the such officers would serve the maximum 10-year jail term prescribed by law. The Comptroller General gave the ...

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Here are some favourite bakeries in Lagos

Nkem Ndem Nigeria is obviously not a big name when it comes to world-famous bakeries, but one of its mega cities, Lagos, has an intense cake game going on. Forget the designer boutiques around town, what could possibly be more satisfying ...

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Naira continues downward slide at the parallel market

The naira continued its downward slide at the parallel market on Monday, as operators of Bureau de Change (BDC’s) suffered low patronage. The Naira exchanged for N232 to the dollar on Monday afternoon as against its previous value of N231. ...

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N1.04 trillion fine: MTN CEO resigns

The Group CEO of MTN, Sifiso Dabengwa, is expected to resign due to the $5.4billion (N1.04 trillion) fine by Nigerian Communication Commission NCC for failing to deactivate the lines of customers with unregistered SIM cards. The telecoms company said in ...

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Over 50,000 temporary jobs provided at Lagos Trade Fair

Segun Alabi, spokesperson for the Lagos Chamber of Commerce and Industry said the 10-day Lagos International Trade Fair has provided temporary jobs for about 50,000 youth and another 10,000 artisans. Majority of the people employed work as sales people, dancers ...

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Olu Falae’s kidnap; the beginning of MTN troubles

A statement by the NCC read: “These SIM cards with invalid registrations pose a grave security risk to the country.” The recent kidnapping of the former finance minister Chief Olu Falae is one example of this risk.” It has been ...

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UBA Foundation National Essay Competition: entries close November 13, 2015

Senior secondary school students in Nigeria have a few more days more to enter the UBA Foundation national essay competition, which closes November 13, 2015. UBA Foundation, which is the corporate social responsibility arm of United Bank for Africa (UBA) ...

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Body language tricks you need as a business traveler

Nkem Ndem A Businessman thrives on confidence and integrity; and the ultimate business traveler recognise the need to exude these characteristics in every destination as most times, the success of their endeavors depend on it.   Not all business travelers ...

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FIRS sued over N1.1bn excess stamp duties by 44 companies

Insurance companies numbering forty four have taken the Federal Inland Revenue Service, FIRS, to the Tax Appeal Tribunal to seek a refund of N1.1 billion excess stamp duties. The insurance companies said they were made to pay the excess stamp ...

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